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turbinetree

(24,632 posts)
Thu Apr 30, 2020, 06:43 PM Apr 2020

GOP senator: 'We should explore' not paying US debt to punish China

By Josh Israel -April 30, 2020 6:05 PM

Marsha Blackburn is following the GOP's playbook in blaming China for the coronavirus.

Sen. Marsha Blackburn (R-TN) suggested on Thursday that the United States should consider defaulting on its debt to China as punishment for the COVID-19 pandemic.

In a Fox Business interview, host Stuart Varney said that she had suggested that the United States "not repay them the trillion dollars that we owe them." That, he said, would be "abrogating America's debt."

He added, "We've never done that before."

Blackburn responded by saying many Tennesseans are out of work and the pandemic has cost the U.S. economy trillions of dollars. She blamed China for the situation: "What China has done is a tremendous cost. Should we consider doing this? Yes, indeed," she said. "It is something we should explore as to how to hold them accountable."

https://americanindependent.com/marsha-blackburn-coronavirus-china-debt-default-senate-gop-covid-19/

So you want to go down that path just like that fucking "guy" deadbeat you failed to kick out of the people's house this last February..........on his crimes.............Let me give you a clue on economics, pin head...............when he goes and asks for example pin head for a deferment on his property taxes in Palm Beach...........you know who picks up that fucking costs.. pin head, the tax payers in Palm Beach, who can't go and ask for deferment, because they are not a hotel.............do you fucking understand or get it through that fucking libertarian right wing head that countries "buy' our debt for reason just like us buying there debt and treasury bonds for for reason......................we do see how your CON game is played............so we can blame your fucking asshole for causing over 62,000+ deaths and climbing based on his fucking political corruption, willfully thinking that its just great to be having those numbers......................FUCK YOU.............POS..........

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malaise

(267,845 posts)
3. Years ago I wrote right here on DU that
Thu Apr 30, 2020, 06:49 PM
Apr 2020

the US will never repay the debt it owes to China and the response was that I was way out on a limb.

gratuitous

(82,849 posts)
8. We can't do that; it's unconstitutional
Thu Apr 30, 2020, 06:52 PM
Apr 2020

Looks like now that the oligarchs have taken just about all the plunder they can from the American people, they're casting about for someplace else for a money grab. China seems a poor choice.

keithbvadu2

(36,371 posts)
9. Who owns the national debt that they want to default on?
Thu Apr 30, 2020, 06:54 PM
Apr 2020

Who owns the national debt that they want to default on?

?uuid=05b585b6-a565-11e8-b6ab-ac162d7bc1f7

tanyev

(42,363 posts)
10. And what happens when China decides to explore not sending us pharmaceuticals
Thu Apr 30, 2020, 06:57 PM
Apr 2020

or any of the many other critical things we buy from them??

maxsolomon

(32,992 posts)
11. The Party of Fiscal Responsibility.
Thu Apr 30, 2020, 07:03 PM
Apr 2020

Way to shore up the confidence of the Markets, Marsha. Even Stuart Varney is aghast.

Marsha Marsha Marsha...

Takket

(21,425 posts)
12. this from the same party that was HORRIFIED.........
Thu Apr 30, 2020, 07:08 PM
Apr 2020

that Obama gave Iran their OWN MONEY in exchange for nuclear security for the USA.

Vogon_Glory

(9,086 posts)
13. Remember when the Repuds used to boast of their business skills?
Thu Apr 30, 2020, 07:14 PM
Apr 2020

I do.

I used to believe that they did as late as the start of the George HW Bush presidency. I’ve been cured of that delusion. Any lingering doubts I had about the Republican Party’s incompetence died after Dubya was inaugurated.

keithbvadu2

(36,371 posts)
15. MBA Dubya inherited a budget surplus. MBA Dubya left the economy in ruins.
Thu Apr 30, 2020, 07:20 PM
Apr 2020

MBA Dubya inherited a budget surplus.

MBA Dubya left the economy in ruins.

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